EURJPY crawls slowly – Analysis – 26-2-2018

The EURJPY pair forms slow negative crawl to keep its negative stability below 131.80, which forms the initial resistance by its stability near 38.2% Fibonacci correctional level, we expect that the price ready to resume the bearish attack in the near and medium period, which allows it to achieve the main targets at 131.15 reaching to 130.00.

Stochastic attempt to reach the oversold level that reinforces the negative suggestion by providing extra negative momentum, to increase the chances for reaching the main targets without suffering any positive pressure that might delay the waited attack.

Expected trading range for today is between 131.80 and 131.15

Expected trend for today: Bearish